Is it time to load up on some stocks?

I bought a lot today. I feel no one can predict the bottom (or top) so I just buy at regular intervals, never sell, and hold over the long term (20+ years). But when I see stocks go down like this if I have extra cash lying around and I feel people are overly pessimistic/panicking etc I like to throw some extra into the market for fun

I started with my bar mitzvah gift money doing this strategy (I’m in my 30s now) and it’s worked out well for me. I try to listen to Warren Buffett interviews by Becky quick and Graham Stephen show

Ca$hclay wrote:

Seems like panic = profit long term. Thoughts?

With today's rally, are they really down that much? For me, they were in a bubble. Is it that easy to call the bottom? Did we even test the December 2018 lows?

very difficult to ever know where the bottom was except in hindsight of course

fair value not yet wrote:

Ca$hclay wrote:

Seems like panic = profit long term. Thoughts?

With today's rally, are they really down that much? For me, they were in a bubble. Is it that easy to call the bottom? Did we even test the December 2018 lows?

Yes - Dow is down 10.3% week to date, even with today's spike. Over 20% in the last 2 weeks. It's all over the map and I don't think we're done with the slide, but who knows? Not any of us. Seems like a good time to pull the trigger overall.

The last two times the VIX was this high, the market doubled over the next three years or so. The problem with jumping in right now is whether the bottom is 21,000 or 14,000.

What we really need to know is whether people with Covid 19 become immune to it, like measles. I don't think we know at this point.

Right. And bridges.

Most people just DCA into the indexes. Did they have the money to buy the dip?

Carnival interests me, but the virus could legit cripple or change the whole cruise industry longterm. Thanks?

dddjcjcjc wrote:

Carnival interests me, but the virus could legit cripple or change the whole cruise industry longterm. Thanks?

It doesn't interest me. I bought Nortel networks once. Real bargain. Too big to fail. Canadian government wouldn't let a nation's treasure fail. So they said.

I hope the cruise ships stay out of business. Crapping in the ocean, not paying any taxes. Wouldn't you rather vacation on the seaside, rather than on a floating petri-dish? People may change long-term habits and opinions based on this pandemic. Just something to consider.

Cruise industry will need to scrap the current ships, downsize, and make ships that don't get everyone sick if one person is sick (better sanitary conditions). I wouldn't touch it,

Buying stocks like JPMorgan trading down big on Thursday and up big on Friday was a huge win!

It’s a bad idea to think you’re smarter than the market. You may get it right few times, but you will eventually get burned trying to time the market.

I'm a biologist. Measles is a DNA virus it doesn't mutate fast enough for generations so yes you don't get re-infected. Coronaviruses including COVID-19 are RNA viruses that mutate faster re-infection may be possible but we don't know how fast it mutates yet. Hopefully, it isn't very dramatic.

I will wait to buy. Once the Covid-19 outbreak stabilizes I will buy.

Lurch Gomez wrote:

I will wait to buy. Once the Covid-19 outbreak stabilizes I will buy.

You'll be too late.

You probably want to buy as soon as they do large scale quarantines across the US (if that happens). The market will panic and sell massively. But, that will actually be the beginning of the end for the Covid-19 outbreak. 2 weeks after that happens the new cases will drop drastically. Just like they did in China. And the market will rebound.

Yesterday morning before U.S. financial markets officially opened for business, S&P 500 futures were up 5% for markets officially opened. Billionaire boy club got word Speaker Pelosi and U.S. Treasury Secretary Mnuchin were going to cut a deal with trump's permission for a 1.5 trillion dollar stimulus. U.S. slow down will continue. Global slow down will continue. U.S. financial markets crashed also in 1931. U.S. financial markets crashed also in 2009. People are not getting back on cruise ships. People are not going to go out and buy new autos. Global slow down will still continue. trump & pence cannot announce a 1.5 trillion dollar bail out daily.

A large stimulus package was approved just last night, Don't underestimate how significant this may be in regards to how the markets move.